Login to the server via SSH

Go to your Laravel directory

Type the follow command and enter

php artisan tinker

You will see a console start with >

Type in the command below

echo Hash::make('your-new-password-here')

Replace your-new-password-here with the actual password you want to use. This is in plain text.

Now press enter. You will get hashed password like below

$2y$10$GTP5DRX5IBTH9iCV7zeKHZeRC9EHP28Hs2LaHBGC9oZkTaHKfW⏎

Copy the above output without ⏎

$2y$10$GTP5DRX5IBTH9iCV7zeKHZeRC9EHP28Hs2LaHBGC9oZkTaHKfW

Paste it in your database password field.

Now your-new-password-here will be your new password.